vCIO, virtual, chief, information, officer, technology

 

Advancing technology, faster internet speeds and unusual working hours have impacted tremendously on business today. Through this evolution, the way in which businesses function has changed, and so has the fundamental needs for effective business operation. As a result, it is important for companies to remain at the forefront of technological advancements. One such development is the operational need for a virtual chief information officer (vCIO).

Predominantly, large corporates and government entities have their IT functions seen to by their chief information officer (CIO). For smaller to medium-sized enterprises (SMEs), the use of a vCIO is more suited.

Why the need for a vCIO?

For SMEs, the advantages of having a vCIO on hand are significant. Largely, most SMEs don’t have the skill and expertise of an in-house CIO. For companies like these, and those who have evolved with technology, the vCIO serves to support the IT functions and strategy of the business.

These include analysing company budgets, formulating strategic goals, adapting business processes and enabling technology changes. The vCIO tactically plans the IT strategy of the business to ensure the company understands the business impact of their technology decisions and has a competitive advantage over others in their marketplace.

Consider the expertise of a vCIO. Here are some reasons why getting a vCIO serves your company in good stead. These include:

  • Lifecycle planning
  • Lower operating costs
  • Enhanced productivity
  • Increased online security
  • Improved compliance techniques
  • Easy retrieval of data and disaster recovery
  • A well-forecasted budget through strategic planning
  • Creative solutions to contribute to the company’s bottom line
  • Awareness and ability to take advantage of the latest trends in technology
  • Consistent reporting, findings and recommendations for future enhancements

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